Project risk factors : case study of Ministry of Education projects

Risks are inherent in any projects. A major criticism of the Ministry of Education (MOE) projects undertaken by the Public Works Department (PWD) is the growing rate of delays and cost overrun in project delivery. As reports under the JKR Project Information System, (SKALA JKR), as of September 2008...

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Main Author:	Basiron, Anida Suharti@Ami Ronida
Format:	Thesis
Language:	English
Published:	2009
Subjects:	TA Engineering (General) Civil engineering (General)
Online Access:	http://eprints.utm.my/id/eprint/12687/1/AnidaSuhartiAmiMFKA2009.pdf
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id	my-utm-ep.12687
record_format	uketd_dc
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	TA Engineering (General) Civil engineering (General)
spellingShingle	TA Engineering (General) Civil engineering (General) Basiron, Anida Suharti@Ami Ronida Project risk factors : case study of Ministry of Education projects
description	Risks are inherent in any projects. A major criticism of the Ministry of Education (MOE) projects undertaken by the Public Works Department (PWD) is the growing rate of delays and cost overrun in project delivery. As reports under the JKR Project Information System, (SKALA JKR), as of September 2008 there are three hundred and fifty nine (359) MOE projects were granted extension of time (EOT) and twenty three (23) projects were not completed in a timely manner due to the poor risk anticipation. The aim of this study is to investigate risk factors in building construction projects belonging to MOE. In order to achieve this aim, three objectives have been outlined in this study; to establish risk factors in building project belonging to MOE, to identify the levels of risk of each risk factor from the contractors’ perspective and to identify the risk treatment for each risk factor from the contractors’ perspective. Postal questionnaire surveys were used as the main data collection method. From the comprehensive assessment of the likelihood of occurrence and their impacts, this study identifies ten major risk factors where "affordable material is more expensive than presented in bills of quantity (BQ)" factor was found to have significant impact on the project during its life cycle. This study also found that each risk factor can be treated by reducing its impact if the risk occurs. Treatment includes contingency planning that should address significant risk areas through some form of tactical response. The adoption of a risk management technique for building projects belonging to the MOE is critical to ensure the successfulness of the future project implementation.
format	Thesis
qualification_level	Master's degree
author	Basiron, Anida Suharti@Ami Ronida
author_facet	Basiron, Anida Suharti@Ami Ronida
author_sort	Basiron, Anida Suharti@Ami Ronida
title	Project risk factors : case study of Ministry of Education projects
title_short	Project risk factors : case study of Ministry of Education projects
title_full	Project risk factors : case study of Ministry of Education projects
title_fullStr	Project risk factors : case study of Ministry of Education projects
title_full_unstemmed	Project risk factors : case study of Ministry of Education projects
title_sort	project risk factors : case study of ministry of education projects
granting_institution	Universiti Teknologi Malaysia, Faculty of Civil Engineering
granting_department	Faculty of Civil Engineering
publishDate	2009
url	http://eprints.utm.my/id/eprint/12687/1/AnidaSuhartiAmiMFKA2009.pdf
_version_	1747814946747449344
spelling	my-utm-ep.126872018-06-25T08:57:53Z Project risk factors : case study of Ministry of Education projects 2009 Basiron, Anida Suharti@Ami Ronida TA Engineering (General). Civil engineering (General) Risks are inherent in any projects. A major criticism of the Ministry of Education (MOE) projects undertaken by the Public Works Department (PWD) is the growing rate of delays and cost overrun in project delivery. As reports under the JKR Project Information System, (SKALA JKR), as of September 2008 there are three hundred and fifty nine (359) MOE projects were granted extension of time (EOT) and twenty three (23) projects were not completed in a timely manner due to the poor risk anticipation. The aim of this study is to investigate risk factors in building construction projects belonging to MOE. In order to achieve this aim, three objectives have been outlined in this study; to establish risk factors in building project belonging to MOE, to identify the levels of risk of each risk factor from the contractors’ perspective and to identify the risk treatment for each risk factor from the contractors’ perspective. Postal questionnaire surveys were used as the main data collection method. From the comprehensive assessment of the likelihood of occurrence and their impacts, this study identifies ten major risk factors where "affordable material is more expensive than presented in bills of quantity (BQ)" factor was found to have significant impact on the project during its life cycle. This study also found that each risk factor can be treated by reducing its impact if the risk occurs. Treatment includes contingency planning that should address significant risk areas through some form of tactical response. The adoption of a risk management technique for building projects belonging to the MOE is critical to ensure the successfulness of the future project implementation. 2009 Thesis http://eprints.utm.my/id/eprint/12687/ http://eprints.utm.my/id/eprint/12687/1/AnidaSuhartiAmiMFKA2009.pdf application/pdf en public masters Universiti Teknologi Malaysia, Faculty of Civil Engineering Faculty of Civil Engineering Anthony Mills (2001). A Systematic Approach to Risk Management for Construction. Journal of Structural Survey. Vol. 19, Number 5, 245-252. Chen, H., Hao., GPoon, S.W. and Ng, F.F (2004). Cost Risk Management in West Rail Project of Hong Kong, 2004 AACE International Transactions. Chris Chapman and Stephen Ward (1997). Project Risk Management. Process, Techniques and Insights. John Wiley & Sons Ltd. England. Daniel Baloi, Andrew D.F. Price (2002). Modelling Global Risk Factors Affecting Construction Cost Performance. International Journal of Project Management. Vol.21, 261-269. 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Construction Project Management. Taylor & Francis, USA. Prasanta Kumar Dey (2001). Decision Support System for Risk Management: A Case Study. Journal of Management Decision. Number 39/8, 634-649. Ralph L Kliem and Irwin S Ludin (1997). Reducing Project Risk. USA. Gower. RAMP: Risk Analysis and Management for Project Guide and Joint Australian / New Zealand Standard (2004). Project Risk Analysis and Management Guide, AS/NZ 4360:2004. Sid Ghosh, Jakkapan Jintanapakanont (2004). Identifying And Assessing the Critical Risk Factor in an Underground Rail Project in Thailand: A Factor Analysis Approach. International Journal of Project Management, Vol. 22, 633-643. Tah, J.H.M. and Carr, V (2000). A Proposal for Construction Project Risk Assessment Using Fuzzy Logic. Construction Management and Economics, 18, 491-500. Tom Kendrick (2003). Identifying and Managing Project Risk. New York. American Management Association, AMACOM

Project risk factors : case study of Ministry of Education projects

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